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On June 3, 2020, the U.S. Senate passed H.R. 7010, the Paycheck Protection Program Flexibility Act of 2020 (the “Act”). President Trump then signed it into law 2 days later. The Act makes significant changes and...
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Paycheck Protection Program and Healthcare Enhancement Act (PPP and HCE Act) Provides More Aid Funding
April 29, 2020
Courtesy Governor Tom Wolf, Flickr
On April 24, 2020, the House of Representatives signed the Paycheck Protection Program and Health Care Enhancement Act (the “PPP and HCE Act” or “Act”) into law. Here are some highlights regarding this new $484...
Courtesy Michael Kooiman, Flickr
The U.S. Congress, as part of the CARES Act, has created the Paycheck Protection Program (“PPP”) to provide loan funds to small businesses to increase employee payroll retention during the COVID-19 pandemic. The program...
Payment Protection Program July Updates: Loan Forgiveness, Audit Risks, and Recipient Disclosure
July 27, 2020
This blog post will cover a couple of updates to the Paycheck Protection Program (the “PPP”) since it launched in April. In the past month, more details have emerged about applying for loan forgiveness as well as the...
COVID-19 Loan Programs for Small Businesses
April 9, 2020
The COVID-19 pandemic has created a challenging situation for small businesses across the Commonwealth and the United States, including closed courts. Most, if not all, businesses in Pennsylvania are struggling, but there are...